So this week concludes at nearly the same levels we left of at last week. What interests me the most is that the overwhelming majority of stocks look like this...

I'm not showcasing the XLF for any particular reason other than I would like to see this fall the fastest. Like I said, most stocks show the exact same price action, and fall within similar trend parameters. How are you going to trade it?

What is the next move in this series of patterns?

You are probably right...

If you heeded my warning and waited patiently through most of this week, everything looks to be setting up nicely heading into next week. However, you have some big economic reports due out next week coupled with the Fed meeting. Don't forget about earnings season going on around us. The market will weigh heavily on which companies are producing profits and which are not. Be advised.

You know, this has been an awfully long week for me. I've spent countless hours, late nights and early mornings studying all the price action and broad market conditions that took place over the last 4 days. Since these types of things don't happen all that often, I like to immerse myself in it so I can learn as much as possible about it, so I am better at reacting the next time it happens.

In the end, I am slightly disappointed about my performance this week. I could have done better, but I let my opinions get the best of me. I felt almost too proud to buy more stocks here. Had I not caught a 50 point swing in the S&P mini on Tuesday, it might have been a totally different outcome. Half of the stocks on my watchlist this week didn't generate the signals I was looking for, and the other half that did...half of them I was stopped out of. That didn't leave me with a whole lot to work with this week. Next week will be different; obviously.

I grabbed a few good upside moves in DBA, GLD, HUM, POT, MON, IBKR and CF. I also grabbed some ARTC, AMG, and TIF while holding on to ABK, MBI and XL.

I mentioned GOOG and its long term trend yesterday...here is another look...

I am also looking to short NVDA, RIMM, DRYS, KSS, MCRS, SINA, FMCN and GS. I just haven't decided which I will trade today and which I will trade on Monday.

I keep you updated as details develop.

My apologies for not being as active this week. It was a busy week in more ways than one for me.

Congratulations for surviving "hell week." Even if you didn't have a nickel in the market, it doesn't matter. You were wise to stay away.